3 Reasons Why Higher Mortgage Rates Won't Slow The Housing Recovery

Following U.S. Federal Reserve Chairman Ben Bernanke’s recent speech, interest rates are likely to rise over the next few months. Mortgage rates tend to follow the 10-year yield of Treasury Bonds, predicting that borrowing costs of home loans will also rise. Some are concerned that the rising rates will hurt the improving housing economy. Experts agree, however, that it will unlikely hurt buyers or sellers. This is because interest rates alone don’t drive home prices, the increase of cash buyers have made mortgages pretty much a non-factor in the recovery, and mortgage rates are still low enough to entice buyers. Read the full article here: http://finance.fortune.cnn.com/2013/06/20/interest-rates-housing-2